T+1 Invoicing
To fund your fiat payments using the T+1 Invoicing method, follow these steps and consider Ripple's invoice schedule as outlined in the following sections.
Prerequisites
The availability for using the T+1 Invoicing method is subject to credit underwriting. You aren't permitted to process payment volumes beyond your underwritten credit limit.
Invoice schedule
We expect to issue payment invoices according to the following invoice schedule, which is subject to change.
Note:
If you don't have enough funds to meet your invoice payments, you won't be permitted to use Ripple Payments Direct.
Daily invoices
Invoices for daily invoiced customers are expected to be issued as follows:
| Invoice receipt (UTC time) | Transaction cutoff time (UTC time) | Expected issuing schedule |
|---|---|---|
| Monday - Friday, 5:30 AM | 12:00 AM Sunday - Thursday | An invoice including a detailed transaction file of all transactions completed as of 12:00 AM will be sent. |
| Monday, 5:30 AM | 12:00 AM Friday - Saturday | An invoice including a detailed transaction file of all transactions completed as of 12:00 AM will be sent on Monday. |
Payment for invoices are due upon receipt of the invoice. Any repayment delays may impact the ability to make further transactions.
Weekly invoices
Invoices for weekly invoiced customers are expected to be issued as follows:
| Invoice receipt (UTC time) | Transaction cutoff time (UTC time) | Expected issuing schedule |
|---|---|---|
| Monday, 5:30 AM | 12:00 AM prior Sunday | A weekly invoice including a detailed transaction file of all transactions completed as of 12:00 AM the prior Sunday will be sent (dates included in the invoice: Sunday - Saturday). |
All invoices
Invoices for all customers are expected to be issued as follows:
| Invoice receipt (UTC time) | Transaction cutoff time (UTC time) | Expected issuing schedule |
|---|---|---|
| Tuesday - Saturday, 6:35 AM | 12:00 AM the same day | A daily statement including the net balance (prepaid minus processed payments, but including service fees) as of 12:00 AM the same day will be sent if you have completed transactions in the prior day's transaction cutoff cycle. |
| Tuesday, 6:30 AM | 12:00 AM prior Saturday - Monday | A cumulative statement including the net balance (prepaid minus processed payments, but including service fees) as of 12:00 AM the prior Saturday will be sent if you have completed transactions in the prior day's transaction cutoff cycle. |